Swiss Re (OTCMKTS:SSREY) Hits New 1-Year High – Time to Buy?

Swiss Re AG (OTCMKTS:SSREY)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $38.17 and last traded at $38.03, with a volume of 17432 shares trading hands. The stock had previously closed at $37.54.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on SSREY shares. Berenberg Bank raised Swiss Re to a “strong-buy” rating in a research note on Monday, November 11th. UBS Group upgraded Swiss Re from a “strong sell” rating to a “strong-buy” rating in a research report on Monday, November 11th. Keefe, Bruyette & Woods upgraded shares of Swiss Re from a “moderate sell” rating to a “hold” rating in a report on Wednesday, November 20th. The Goldman Sachs Group upgraded shares of Swiss Re from a “strong sell” rating to a “hold” rating in a report on Friday, December 13th. Finally, Citigroup raised shares of Swiss Re to a “strong-buy” rating in a report on Monday, November 18th. Two analysts have rated the stock with a hold rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy”.

Swiss Re Price Performance

The firm has a fifty day simple moving average of $36.60 and a two-hundred day simple moving average of $34.02.

About Swiss Re

Swiss Re AG, together with its subsidiaries, provides wholesale reinsurance, insurance, other insurance-based forms of risk transfer, and other insurance-related services worldwide. The company operates through three segments: Property & Casualty Reinsurance, Life & Health Reinsurance, and Corporate Solutions.